Chemical Sector Q1 Preview - Good Prospects Despite Niggling Worries: Nirmal Bang
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We expect healthy earnings for our chemical companies in Q1 FY22, aided by soil moisture and high water storage levels in key reservoirs, which is good for Kharif crop prospects and crop protection chemicals/fertiliser demand.
The surge in global crop prices to record highs and healthy agri-product demand (especially for corn/soya from China) are reported to have lifted farm incomes globally and in India.
Tata Chemicals Ltd. is likely to see mixed prospects as chemical margins could suffer a hit as a result of higher cost pressure amid rising freight and energy prices.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.